Fair point. That is a form of legislation and regulation I heartily support: addressing the tragedy of the commons, and de-distorting the market (most regulatio

Fair point. That is a form of legislation and regulation I heartily support: addressing the tragedy of the commons, and de-distorting the market (most regulation introduces new distortions). Things like a carbon tax, or making especially dirty companies clean up their own pollution. This aligns minimum total economic waste, which includes environmental damage, with maximum profit.